---
schema_version: "secwatch.filing_event.v1"
accession: "0000927089-24-000078"
form_type: "8-K"
ticker: "QNTO"
cik: "0001391933"
company_name: "QUAINT OAK BANCORP, INC."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:54:05.648969+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Quaint Oak Bancorp Q1 2024 net income rises 55.1% to $873,000, sells Oakmont Capital stake

## Summary
- Net income $873,000 ($0.36 per share) vs $563,000 ($0.26) in Q1 2023, a 55.1% increase.
- Sold 51% interest in Oakmont Capital Holdings and exited Quaint Oak Real Estate to reduce losses.
- Non-performing loans rose to 1.28% of total loans from 0.25% a year ago; Texas Ratio increased to 12.0% from 2.73%.
- Total assets $775.5M, deposits $673.4M; Bank's Total Risk-Based Capital Ratio 13.61%.
- Board declared $0.13 per share dividend payable May 6, 2024.

## SEC filing metadata
- accession: 0000927089-24-000078
- form_type: 8-K
- ticker: QNTO
- cik: 0001391933
- company_name: QUAINT OAK BANCORP, INC.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391933/000092708924000078/0000927089-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391933/000092708924000078/qnto20240501_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000927089-24-000078
- JSON: https://secwatch.observer/filing/0000927089-24-000078.json
- Plain text: https://secwatch.observer/filing/0000927089-24-000078.txt

## Key facts
- Earnings Releases
  QUAINT OAK BANCORP, INC. reported the quarter ended March 31, 2024 results: net income $873,000, EPS $0.36 per basic and diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $873,000
  - EPS: $0.36 per basic and diluted share
  - Result: reported results
  source text: On May 6, 2024, Quaint Oak Bancorp, Inc. (the “Company”) reported its results of operations for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391933/000092708924000078/0000927089-24-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.